Project Overview

Asra’s Mt Stirling Project – A triple play exposure

 

Located in the world-class mining hub of Western Australia’s Eastern Goldfields, Asra Mineral’s Mt Stirling Project consists of 10 major gold prospects, two recent rare earths discoveries, and widespread highly anomalous Cobalt and Scandium mineralisation.

The project is close to existing major mining operations and neighbours Red 5’s King of the Hills gold mine which boasts Australia’s ninth largest gold ore reserve of 2.4Moz and a 16-year mine life. The region has recently produced approximately 14Moz of gold from mines such as Tower Hills, Sons of Gwalia, Thunderbox, Harbour Lights and Gwalia.

The Company also currently holds a large equity holding in Quebec Lithium explorer, Loyal Lithium (ASX: LLI) and a large equity Joint Ventures with Zuleika Gold (ASX: ZAG) and Monger Gold (now LLI) in the Kalgoorlie-Menzie Goldfields region.

In the beginning of September 2022, Asra reported a 23% upgrade to the Mineral Resource Estimate for its flagship Mt Stirling Project in Western Australia. Taking the resource from 118,384oz Au to 152,000 oz Au.

Note: LLI equity in escrow to 6 July 2023.

Gold
Rare
Earths
Critical
Minerals

Western Australia’s Eastern Goldfields mining hub

Gold JORC Resource
152,000oz Au
Ms Viserion Deposit
  • 26,000oz Indicated (391,000t at 2.1g/t Au)

  • 111,000oz Inferred (2.15Mt at 1.6g/t Au)

Stirling Well Deposit
  • 15 Koz Inferred (198,000t at 2.3g/t Au)^

Heavy Rare Earths (REE)

 

 

  • Mt Stirling Deposit contains five most critical REEs including: Dysprosium (Dy), Terbium (Tb), Europium (Eu), Neodymium (Nd) and Yttrium (Y)

  • Virtually no traces of Uranium or Thorium (less than 1ppm)

  • Evidence of deeper Alkaline Intrusion as potential source

Critical Minerals
  • Regolith contains significant levels of Scandium (Sc), Cobalt (Co) and Platinum Group Elements (PGE)